Varonis Systems (NASDAQ:VRNS)‘s stock had its “buy” rating restated by investment analysts at Stephens in a research note issued to investors on Tuesday. They currently have a $60.00 price target on the technology company’s stock. Stephens’ target price suggests a potential upside of 10.80% from the stock’s previous close.
Several other brokerages have also recently weighed in on VRNS. BidaskClub raised Varonis Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Needham & Company LLC upped their target price on Varonis Systems from $52.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 19th. Oppenheimer started coverage on Varonis Systems in a report on Wednesday, December 6th. They set an “outperform” rating and a $57.00 target price for the company. Zacks Investment Research downgraded Varonis Systems from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Jefferies Group upped their target price on Varonis Systems from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $57.92.
Shares of Varonis Systems (VRNS) traded up $0.25 during mid-day trading on Tuesday, reaching $54.15. The company had a trading volume of 847,904 shares, compared to its average volume of 227,764. Varonis Systems has a fifty-two week low of $26.35 and a fifty-two week high of $55.85. The company has a market capitalization of $1,510.00, a PE ratio of -102.17 and a beta of 0.89.
In related news, CEO Yakov Faitelson sold 46,569 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $51.16, for a total value of $2,382,470.04. Following the completion of the sale, the chief executive officer now directly owns 211,572 shares of the company’s stock, valued at approximately $10,824,023.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gili Iohan sold 52,569 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $49.93, for a total value of $2,624,770.17. Following the completion of the sale, the director now directly owns 57,446 shares of the company’s stock, valued at $2,868,278.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,323 shares of company stock valued at $13,977,286. 19.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Emerald Advisers Inc. PA lifted its stake in Varonis Systems by 0.3% in the 4th quarter. Emerald Advisers Inc. PA now owns 719,544 shares of the technology company’s stock worth $34,934,000 after acquiring an additional 2,384 shares in the last quarter. Swiss National Bank lifted its stake in Varonis Systems by 16.6% in the 2nd quarter. Swiss National Bank now owns 24,618 shares of the technology company’s stock worth $916,000 after acquiring an additional 3,500 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Varonis Systems by 9.5% in the 3rd quarter. New York State Common Retirement Fund now owns 41,740 shares of the technology company’s stock worth $1,749,000 after acquiring an additional 3,620 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Varonis Systems by 64.0% in the 3rd quarter. GSA Capital Partners LLP now owns 10,118 shares of the technology company’s stock worth $424,000 after acquiring an additional 3,950 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in Varonis Systems in the 4th quarter worth about $220,000. 84.91% of the stock is owned by hedge funds and other institutional investors.
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Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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